Membership

    PFP & CPA/PFS Learning Opportunities 


    The AICPA offers learning options for both the less-experienced and more seasoned CPA, whether you are preparing to become a CPA/PFS or you already have the credential.

    In addition to self-study CPE, the AICPA offers a variety of upcoming Webcasts and Conferences
     

    Learning

    Self-Study CPE
    :

    • Foundation courses in personal financial planning AICPA is offering six of The American College financial planning courses as self-study CPE courses. They are a resource for CPA/PFS credential candidates to cover specific areas in detail prior to taking the PFS exam or more experienced CPAs to brush up on a particular area of study. 
    • PFS Exam Review Course: AICPA offers a self-study review course with 32.5 hours of CPE to help candidates prepare for the PFS exam. Seasoned CPAs can use this course to identify those areas where they need more in depth learning.  Qualify for a $200 PFS Exam Sponsorship with this option.

    In-Person CPE Classes:

    • Personal Financial Planning Boot Camp: The AICPA offers an intensive 2-1/2 day PFP overview.  Not only is it a review class to help prepare for the PFS exam, but seasoned CPAs can refresh their PFP skills with an overview of all PFP topics and how they are integrated with real-life applications. These classes are held prior to each PFS exam in May/June and November/December. Qualify for a $600 PFS Exam Sponsorship with this option.
    • Conferences provide additional learning opportunities on current and hot topics..

    Online CPE Classes:

    • Virtual Group Class of the Personal Financial Planning Boot Camp: Whether preparing for the PFS exam or simply refreshing your PFP skills, this class is a rebroadcast of the in-person PFP Boot Camp with access to the instructor for questions.  Classes are held online one day per week for 4 succeeding weeks prior to each offering of the PFS exam. Qualify for a $400 PFS Exam Sponsorship with this option.
    • Webcasts and the virtual Advanced PFP Conference also offer online options for a wide variety of learning opportunities.

    PFP Self-Study Learning Courses

    Course Name

    Financial Planning: Process and Environment

    • Provides an overview of the financial planning process, including communication techniques, ethics, risk tolerance, time-value-of-money concepts, financial planning applications, regulatory issues and the legal and economic environment for financial planning.
    • Offers an understanding of the role and responsibilities of a financial planner, including the AICPA's Statement on Standards in PFP Services, along with some analytical skills to aid in financial decision making.

     

    Fundamentals of Income Taxation

    • Examines the federal income tax system with particular reference to the taxation of individuals.
    • Covers such concepts as gross income, exclusions from gross income, deductions, tax credits, capital gains and losses, taxation of life insurance and annuities and income taxation of partners, partnerships, corporations and shareholders.

     

    Fundamentals of Estate Planning

    • Covers various aspects of estate and gift tax planning, including the nature, valuation, transfer, administration and taxation of property.
    • Provides a basic understanding of the estate and gift tax system, including strategies of estate planning.
    • Discusses gratuitous transfers of property outright or with trusts, wills and powers of appointment; use of the marital deduction; valuation of assets; and buy-sell agreements.
    • Covers the client interview, fact finding, ethical standards and development of personal estate plans.

     

    Planning for Retirement Needs

    • Focuses on selecting the right retirement plan for the business and on individual retirement planning.
    • Covers qualified plans, SEPs, SIMPLEs and 403(b) plans and nonqualified deferred compensation plans.
    • Emphasizes the practical knowledge needed for choosing the best retirement plan, especially for the small business, and designing a plan that will meet a client’s needs.
    • Covers individual retirement planning including IRAs and Roth IRAs, Social Security benefits, saving for retirement and planning for retirement plan distributions.

     

    Investments

    • Covers various aspects of the principles of investments and their application to financial planning.
    • Discusses risk analysis and risk and return computations.
    • Looks at stocks, bonds, investment companies, options and futures contracts.
    • Includes an extended discussion of tax issues in investing and issues in the practice of portfolio management, including strategic and tactical asset allocation.
    • Provides many examples of ethical and practical issues in managing a client’s portfolio.

     

    Fundamentals of Insurance Planning

    • Focuses on the role of planning for insurance needs.
    • Covers basic concepts in risk management and insurance, insurance industry operations, legal principles pertaining to this industry, and regulation of insurers.
    • Examines social insurance, life insurance and annuities, medical and disability income insurance, long-term care insurance and personal property and liability insurance.
    • Concludes with an overview of commercial property and liability insurance and a case study.

     




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